We believe 5G investment underscores our commitment to sustaining network quality, supporting Ghana’s growing digital connectivity – MTN

MTN Ghana is currently finalizing the necessary formalities and payments for acquiring a 5G license, with a cost of US$202 million, according to the company. The expense is already included in the firm's free cash flow outlook, meaning it will not impact MTN's 2026 free cash flow or dividend projections. In its Q3 2026 financial report, the telecommunications giant stated that the investment demonstrates its dedication to maintaining network quality and providing the resources needed to meet Ghana's expanding digital connectivity requirements.

MTN secured the 5G and mobile broadband spectrum licenses during Q3 2026, in the 700 MHz and 3 GHz bands, respectively. The licenses grant the company 2×20 MHz in the 700 MHz band and 1×150 MHz in the 3 GHz band, with a validity period of 15 years. This new spectrum will augment MTN's existing assets, enabling the company to better accommodate the increasing demand for high-speed connectivity and data-intensive services in Ghana.

Following the license issuance, MTN plans to deploy the newly awarded spectrum to initiate 5G services, elevate service quality, and improve the overall customer experience as data usage continues to rise. The additional capacity will also bolster the company's broadband services, allowing for the provision of high-speed connectivity to a larger number of households and expanding its residential market prospects.

MTN expressed gratitude to its shareholders, regulators, and other stakeholders for their ongoing support as it pursues this significant investment in Ghana's telecommunications infrastructure.